Chaos to Order: Taking Control of Contract and Third-Party Data

Why digitisation must come before centralisation

Your contract and third-party data is fragmented and incomplete. But the real issue isn’t the data itself - it’s the process.

Many organisations start by centralising legacy data, thinking this will fix the problem. But here’s the flaw: centralisation always requires a cut-over point.

By the time you’ve finished cleaning and importing old data, new contracts and third parties have already been created the old way - outside the system, fragmented and incomplete once again.

This adds weeks to project timelines, delaying value when you could have started realising benefits almost immediately.

A smarter starting point

Instead of trying to fix yesterday’s mess first, we digitise the processes that created it. This creates a true line in the sand:

• From this point forward, all new contracts and third parties are captured flawlessly.
• Renewal management and compliance are automated.
• Legacy data can be centralised later, without the risk of re-introducing disorder.
  

What this looks like in practice

For Contract Lifecycle Management (CLM), start with:

• New Contract Request

• Contract Renewal

For Third‑Party / Vendor Lifecycle Management (TPRM/VLM), start with:

• Third‑Party Onboarding
  

High‑value additions:

• Risk Mitigation (triggered by MarketIQ)
• File Expiry Management
• Ongoing Compliance Monitoring

Why this matters

This approach isn’t just process-driven - it’s customer-obsessed. It demonstrates Gatekeeper's maniacal obsession with customer Time to Value (TTV).We measure onboarding success in days, not weeks or months. By digitising first, customers see impact faster, avoid wasted effort, and build a foundation that scales.

To find out more, book your Gatekeeper demo today.